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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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FARMERS & MERCHANTS SAV BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS SAV BANK |
| Address | 101 E MAIN STREET PO BOX 588
MANCHESTER, IA 52057 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 218 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,588,000 |
| Average Mortgage Loan Amount Applied For | $135,875 |
| Highest Mortgage Loan Amount Applied For | $1,068,000 |
| Average Applicant Income | $72,375 |
| Highest Applicant Income | $582,000 |
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| Home Improvement |
23 | $441,000 |
$19,000 | $80,000 |
$59,000 | $152,000 |
| Home Purchase |
107 | $13,263,000 |
$123,000 | $900,000 |
$74,000 | $304,000 |
| Refinancing |
90 | $12,024,000 |
$133,000 | $1,068,000 |
$101,000 | $582,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
16 | $3,464,000 |
$216,000 | $500,000 |
$251,000 | $582,000 |
| Not Provided |
2 | $22,000 |
$11,000 | $19,000 |
$81,000 | $96,000 |
| White |
202 | $22,242,000 |
$110,000 | $1,068,000 |
$70,000 | $304,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
220 | $25,728,000 |
$116,000 | $1,068,000 |
$83,000 | $582,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
3 | $205,000 |
$68,000 | $150,000 |
$78,000 | $96,000 |
| Application Denied By Financial Institution |
8 | $528,000 |
$66,000 | $120,000 |
$38,000 | $96,000 |
| Application Withdrawn By Applicant |
12 | $1,446,000 |
$120,000 | $305,000 |
$75,000 | $167,000 |
| File Closed For Incompleteness |
3 | $305,000 |
$101,000 | $140,000 |
$44,000 | $55,000 |
| Loan Originated |
192 | $23,104,000 |
$120,000 | $1,068,000 |
$87,000 | $582,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
2 | $140,000 |
$70,000 | $80,000 |
$32,000 | $37,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS SAV BANK by:
Metropolitan Area And
County
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